JPY

The Japanese yen strengthened past 155 per dollar on Friday, positioning itself for solid weekly gains as investors expect the Bank of Japan to continue raising interest rates despite Tokyo’s cooler-than-expected inflation data. The capital’s annual inflation rate eased to a more than one-year low of 2% in December, reflecting softer food and energy price […]

The GBP/JPY cross attracts some sellers for the second straight day on Wednesday and trades around mid-210.00s, closer to the weekly trough during the Asian session. Spot prices, however, remain within striking distance of the highest level since August 2008, touched on Monday. Moreover, the fundamental backdrop warrants some caution before positioning for any meaningful […]

The Japanese Yen (JPY) prolongs its uptrend against a broadly weaker US Dollar (USD) for the third straight day and climbs to a fresh weekly top during the Asian session on Wednesday. Minutes of the Bank of Japan’s (BoJ) October meeting showed that board members debated the need to continue raising interest rates. Apart from this, […]

The Japanese Yen (JPY) remains on the front foot against a broadly weaker US Dollar (USD) for the second consecutive day on Tuesday and seems poised to appreciate further. Japan’s Finance Minister Satsuki Katayama’s stronger intervention language turns out to be a key factor that provides a goodish lift to the JPY amid the year-end […]

The Japanese Yen (JPY) retains its bullish bias through the early European session on Monday, though it lacks bullish conviction amid a combination of diverging forces. Rising tensions between the US and Venezuela, along with concerns about renewed Israel-Iran conflict and persistent uncertainties stemming from the protracted Russia-Ukraine war, underpin the JPY’s safe-haven status. Furthermore, […]

The Japanese yen rose to around 157 per dollar on Monday, rebounding from a four-week low hit in the previous session, as authorities signaled the possibility of intervention. Top currency diplomat Atsushi Mimura emphasized that officials would take “appropriate” action against excessive exchange-rate movements, reflecting concern over sharp, one-way trends. His comments followed remarks by […]

The Japanese Yen (JPY) extends its sideways consolidative price move through the Asian session on Thursday as traders opt to move to the sidelines ahead of the key central bank event risk. The Bank of Japan (BoJ) is scheduled to announce its decision at the end of a two-day policy meeting on Friday and is […]